Avantax Advisory Services Inc. Purchases 221 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Avantax Advisory Services Inc. increased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 14.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,722 shares of the technology company’s stock after purchasing an additional 221 shares during the quarter. Avantax Advisory Services Inc.’s holdings in OSI Systems were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. raised its stake in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after purchasing an additional 195 shares in the last quarter. KBC Group NV raised its position in OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in OSI Systems by 36.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock worth $129,000 after buying an additional 207 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in OSI Systems by 80.1% in the 4th quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock valued at $144,000 after buying an additional 383 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

OSI Systems Trading Up 0.3 %

Shares of OSIS stock opened at $203.92 on Wednesday. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $220.00. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $194.74 and a 200-day moving average of $170.09. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, equities research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OSIS. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. B. Riley raised their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Oppenheimer lifted their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Roth Mkm lifted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. assumed coverage on OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

OSI Systems Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.